Price for Music, Printed or in Manuscript in Nigeria - 2022

Contents:

1. Price for Music, Printed or in Manuscript in Nigeria (CIF) - 2022
2. Price for Music, Printed or in Manuscript in Nigeria (FOB) - 2022
3. Imports of Music, Printed or in Manuscript in Nigeria
4. Exports of Music, Printed or in Manuscript in Nigeria

Price for Music, Printed or in Manuscript in Nigeria (CIF) - 2022

The average import price for music, printed or in manuscript, whether or not bound or illustrated stood at $83,941 per ton in 2022, surging by 53% against the previous year. Over the period under review, the import price posted a significant expansion. The pace of growth was the most pronounced in 2015 an increase of 80% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($1,361,714 per ton), while the price for the United Arab Emirates ($45,441 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+57.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Music, Printed or in Manuscript in Nigeria (FOB) - 2022

In 2022, the average export price for music, printed or in manuscript, whether or not bound or illustrated amounted to $24,109 per ton, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 8.3% against the previous year. As a result, the export price reached the peak level of $24,741 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($86,000 per ton), while the average price for exports to Benin ($19,181 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+13.7%).

Imports of Music, Printed or in Manuscript in Nigeria

In 2022, approx. 575 kg of music, printed or in manuscript, whether or not bound or illustrated were imported into Nigeria; dropping by -52.6% on the year before. In general, imports recorded a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 84%.

In value terms, music, printed or in manuscript imports shrank sharply to $48K in 2022. Overall, imports faced a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 122%.

Top Suppliers of Music, Printed or in Manuscript to Nigeria in 2022:

1. China (480.0 kg)
2. United States (42.0 kg)
3. United Arab Emirates (34.0 kg)
4. Germany (10.0 kg)

Exports of Music, Printed or in Manuscript in Nigeria

Music, printed or in manuscript exports from Nigeria soared to 92 kg in 2022, growing by 51% against the previous year. Overall, exports, however, continue to indicate a abrupt downturn.

In value terms, music, printed or in manuscript exports soared to $2.2K in 2022. Over the period under review, exports, however, continue to indicate a deep downturn.

Top Export Markets for Music, Printed or in Manuscript from Nigeria in 2022:

1. Benin (83.0 kg)
2. Ghana (4.0 kg)
3. Ireland (2.0 kg)

Source: IndexBox Market Intelligence Platform